Banker issues cryptic tweet as inflation soars, rupee falls
‘Burning Lanka’ tells all what not to do, says Uday Kotak In the backdrop of the country's economic crisis, Kotak Banker Uday Kotak has come out with an intriguing comment as an outbreak of violent civil unrest in neighbouring Sri Lanka forced a regime change in the island nation with the resignation of its Prime Minister, Mahinda Rajapaksa, on Monday. “The Russia Ukraine war goes on and the going gets tough. True test of nations is now. Strength of institutions like the judiciary, regulators, police, government, Parliament will matter. Doing what is right and not populist is crucial. A ‘burning Lanka’ tells all what not to do!” Kotak Mahindra Bank CEO Uday Kotak said in a tweet on Tuesday. Couched in generic terms, there was no explicit indication that this was a rare bit of advice to the Modi government from one of its most ardent supporters. The Modi government has been battling a crisis on several fronts: inflation has shot through the roof and is expected to cross 7.5 per cent — an 18-month high — when the government statisticians come out with the numbers for April on Thursday. Rising food and fuel prices, surging commodity prices, a severe disruption in supply chains, and
FCRA Graft: CBI Conducts Countrywide Operations to Nab Home Ministry Officials, Others
CBI officials visited around 40 locations including in Delhi, Chennai, Hyderabad, Coimbatore, Mysuru and some places in Rajasthan. Fourteen officials were apprehended. New Delhi: The Central Bureau of Investigation on Tuesday, May 10, conducted operations at 40 locations and apprehended around 14 people including home ministry officials, NGO representatives and middlemen for allegedly facilitating the clearance of foreign donations in violation of the Foreign Contribution (Regulation) Act, 2010. An FCRA registration or licence is mandatory for any association and NGO to receive foreign funding. In recent times, the non-renewal and cancellation of such licences by the government has made news as various NGOs and bodies have had their operations suspended as a result. “The operation was launched after a complaint from the Union home ministry to the CBI in this regards,” a home ministry spokesperson was quoted by news agency PTI as having said. The coordinated operation took place at around 40 locations including in Delhi, Chennai, Hyderabad, Coimbatore, Mysuru and some places in Rajasthan. “Around half a dozen public servants and others are being questioned,” Indian Express quoted a CBI officer as having said. PTI reported the number as 14. Express also reported sources as having told the outlet that the agency is “likely to
18 Christians in India Jailed, Fight False Charge of Five Years Ago. Widow among church members arrested over baseless accusation.
NEW DELHI (Morning Star News) – Christians falsely charged with crimes related to an act of vandalism in central India five years ago spent five days in jail and are fighting the case anew after it mysteriously resurfaced, sources said. The 18 Christians, including a widow, in Chhattisgarh state’s Bhelwapal village, Sukma District, were jailed March 9-14 even though one of the traditional tribal animists who falsely accused them in 2017 has since become a Christian and has explained how they were framed. Tribal villagers who damaged a pastor’s house and church building in 2017 smashed a Hindu idol and told officers the pastor had done it in an effort to justify why they had vandalized his property, according to the church leader, Pastor Hidma Sodi. “A family that was hand-in-glove with the ones who brought the idol and broke it but blamed the Christians for the same has come to the Christian faith,” Pastor Sodi told Morning Star News. “They not only told us how this conspiracy was planned and executed to frame the Christians but are also willing to speak as witnesses before the court.” As the Christians had registered a complaint with police, the tribal animists then planned to assault the
